Why are the mercantists suspicious of multinational co-operations?

Answer 1

Mercantilists are suspicious of multinational corporations because they prioritize national interests and economic self-sufficiency. They believe that these corporations can undermine local industries and economies by prioritizing profits over national welfare, leading to job losses and capital outflows. Additionally, the global reach of multinationals can diminish a nation's ability to regulate its economy effectively, resulting in a loss of sovereignty and control over vital resources. Overall, mercantilists view multinationals as potentially harmful to the economic stability and security of the nation-state.